LEADING FORCE FOR CRYPTO NEXT YEAR
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We have zkSync, PolygonzkEVM, and a whole bunch of networks coming up like Starkware. I fully expect next year will be doing very well and more money and more developer diving into Ethereum Layer 2, that is not to say things will not do well. We should not be surprised that will be seeing the next new blockchain come up. We have gaming blockchains that are about to blow up even those the gaming platform has been down due to the blockchain. We have had a lot of new games coming into the market and it is over-saturated. There are not enough real games, and there are too many companies not delivering real tech.
Slowly we are getting some real quality things starting to come out of the space. For instance, Illuvium just release the beta for their game with 30,000 test players ready to jump in. We should not be surprised if we see gaming being a leading force for crypto next year and beyond. No denying that crypto have a tough time this year and last year with a lot of shady stuff coming out. That is a wave one for NFTs but the legacy collecting like Bore Ape and Crypto punk with here for a very long time. The reality is that we have barely scratched the surface of this technology. It is not just to use it as a profile picture or flip it to make some cash. NFTs are digital ownership and art and all kinds of use cases can grow out of that.
There is a reason why all thing major big brand is getting into NFT and it is because of the evolution of ownership online. I think next year is a whole wave of NFT creators and collectors. Right now, everyone is calling for a recession and they are all saying that it going to be very bad. But one thing is very transparent, be ready for what the market is ready to offer next year. We should expect crypto should follow after macro. What we should be expecting right now is that the FED rate hike to stop which might happen in March or April. Before then the rate will be very high and unless some breaks, the end of the rate hikes could be near. The fallout of FTX continues to play out which will get regulators to come in. The latest thing about this is the new bill that brings back all of the worst things that the crypto industry has been fighting for a year. Specifically, they are looking for the KYC of wallets, Stakers, and validators.
https://twitter.com/special78122/status/1608570916849725441?s=20&t=fGgFQ_Iq4_AdHQTVw11T0w